Calif. regulator investigating Anthem’s claims data for future filings
With one rate hike request withdrawn due to miscalculations, the California Department of Insurance says it is taking a closer look at the validity of claims data used by Anthem Blue Cross. Steve...
View ArticleInsurers defend investments amid California probe into ties to Iran
National insurance companies are defending their business practices after being included on a list released by the California Department of Insurance of those refusing a voluntary moratorium on future...
View ArticleAetna withdraws 25% rate hike plan in Calif. after review finds errors
Aetna withdrew a 19% rate increase in California after “substantial mathematical errors” were uncovered during the state’s review, state insurance regulators said. Steve Poizner California Insurance...
View ArticleCalifornia’s get-tough law on illegal rescissions takes effect Aug. 18
California Insurance Commissioner Steve Poizner said new regulations designed to combat illegal rescissions will go into effect on August 18. Steve Poizner “Keeping your health insurance can literally...
View ArticleCalifornia, Florida addressing insurance issues for vacant homes
California’s insurance commissioner is warning homeowners in his state to review their homeowners’ policy with an eye on vacancy protection. Steve Poizner Steve Poizner said that as homeowners find...
View ArticlePoizner’s actions on insurers’ Iranian investments ruled ‘improper’
The California Office of Administrative Law (OAL) declared the state insurance commissioner’s actions against insurers holding investment relations with Iran to be “improper.” Steve Poizner The OAL...
View ArticleCalifornia insurance commissioner sues to stop Iran investments
California Commissioner Steve Poizner filed a lawsuit challenging the state Office of Administrative Law’s (OAL) ruling that his efforts to stop insurers from investing in Iran constituted an...
View ArticleCalifornia insurance agent pleads guilty to $6.3 million Ponzi scheme
A Sacramento, Calif., insurance agent pleaded guilty to 13 felony counts of grand theft in connection with a five-year Ponzi scheme resulting in a total loss of $6.3 million. William A. Sassman, a...
View ArticleNew Calif. insurance commissioner acts to impose MLR rules
California’s new state insurance commissioner, Dave Jones, issued emergency regulations making the state’s medical loss ratio provisions match those included in the federal health reform law. Dave...
View ArticleCalifornia, insurance companies settle suits over investments in Iran
California’s insurance commissioner announced the end to a pair of civil suits, filed over his agency’s efforts to force insurance companies to stop investing in corporations working in Iran. Steve...
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